E.g. 1) Form LLC 2) Find credit union that lends to investors 3) Supply proof of funds, etc. 4) Receive pre-approval? 

There is certainly a large supply in Old Northeast but none appear to be for sale.

This is straight from the landlord forms I purchased from BP"(B) The following furnishings are supplied with the Premises _________________________.

What is the population growth compared to supply of homes?

In DFW for example the typical C Class property is now selling for say $60k per unit but again that still depends on the size of the units and specific location/sub-market/demographics/supply/demand/cap rates in the area.

Latest Data On Houston Market From RECONHouston Housing Market Has Strongest January On RecordHOUSTON (Realty News Report) – The new year started off on the right foot as local Realtors had the strongest January ever.The Houston Association of Realtors (HAR) reported 4,469 single-family home sales in January, up 8.9 percent from the 4,104 sales in January of last year.Housing inventory was unchanged from the 3.3-months supply a year earlier.

Aside from having to put 10-20% down to secure the loan, what can I expect to encounter when dealing with hard money lenders in terms of interest rates, points, getting the funds from them to pay contractors/buy supplies, etc.

Meaning finding the deals/investments, or is there a 'plentiful supply' of investing options that are looking for investors similar to REITs?

But happy to hear from the other side.For example, maybe someone who does developments could chime in, but my guess is the numbers on building new affordable housing just aren't compelling, and if policy/markets shift so that it is attractive, you're going to have a lot more BP forum discussions with everyone asking how to get involved (which would be a positive for low income families because supply will go up and rents eventually come down)

Currently I work full-time for a local company that processes and delivers agricultural seed and other supplies.